Bill > S2371

This bill modernizes motor vehicle titling and registration services in Massachusetts by establishing several key provisions. First, it authorizes the state registrar to create reciprocal cross-border electronic vehicle titling and registration agreements with other states, allowing people to electronically title and register vehicles purchased out-of-state in their home state. Second, the bill prohibits the registrar from limiting motor vehicle dealer participation in electronic vehicle registration programs based solely on transaction volume. Third, it allows the registrar to waive issuing physical certificates of title when a security interest is satisfied, while ensuring owners can still request a paper certificate if needed. Additionally, the bill updates regulations around vehicle title transfers when security interests are paid off, specifying timelines for lienholders to release titles and establishing that electronic fund transfers are considered immediately cleared. The bill aims to streamline vehicle registration processes, reduce paperwork, and create more flexible electronic systems for dealers and vehicle owners, with all provisions set to take effect immediately upon passage.

Budget and Finance, Transportation and Infrastructure

https://malegislature.gov/Bills/194/S2371